Grand Rivers Community Bank

Overview / Commentary
260 S Main St
Grand Chain, IL 62941

Grand Rivers Community Bank is headquartered in Grand Chain and is the 391st largest bank in the state of Illinois. It is also the 5,024th largest bank in the nation. It was established in 1902 and as of December of 2019, it had grown to 12 employees at 3 locations. Grand Rivers Community Bank's savings rates are 44% higher than the national average, but it has a D health rating.

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Additional Factors: Institutions with a small asset base, a short operating history, or negative return on equity can represent an instability risk beyond what their financial ratios indicate. Grand Rivers Community Bank has a low asset base, and a negative return on equity.

Health Grade Components

FDIC Certificate #10816
Year Established1902
Primary RegulatorFDIC
Profit Margin
Return on Assets - YTD-1.77%
Return on Equity - YTD-25.98%
Annual Interest Income$1.5MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$29.6MM$36.2MM
LoansQ4 2019vs Q4 2018$18.0MM$25.1MM
DepositsQ4 2019vs Q4 2018$26.5MM$32.4MM
Equity CapitalQ4 2019vs Q4 2018$1.9MM$2.5MM
Loan Loss AllowanceQ4 2019vs Q4 2018$512.00K$657.00K
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$742.00K$874.00K
Real Estate OwnedQ4 2019vs Q4 2018$739.00K$620.00K
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Grand Rivers Community Bank Savings Account Rates

0.75%--Passbook Savings
0.51%--Tugboat Kids Savings
0.50%--Vacation Club
0.50%--Christmas Club

Grand Rivers Community Bank Checking Account Rates

0.51%--Business Interest Checking
0.25%$1.5k-NOW Account

Grand Rivers Community Bank Locations
Grand Rivers Community Bank260 S Main StGrand Chain, IL 62941
Karnak Branch406 Washington StreetKarnak, IL 62956
Shawneeton Branch105 E. Shawnee AvenueShawneetown, IL 62984

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